Braskem buys Sunoco's US PP business for $350m

摘要

Brazilian plastics giant Braskem has made a major move into the North American market, buying the polypropylene business of Sunoco for $350m (?215.2m) in cash.The deal was announced 1 February and is expected to close by 1 April. Sao Paulo-based Braskem will take on PP plants operated by Sunoco in Philadelphia, Texas and West Virginia. The sale also includes Sunoco's Research and Technology Center in Pittsburgh.